Piper Sandler lowered the firm’s price target on Regions Financial to $25 from $27.50 and keeps an Overweight rating on the shares post the Q1 results. The analyst thinks there could be upside to the bank’s guidance, saying it "appears extremely conservative." It cites Regions Financial’s strength of deposit base and footprint for the Overweight rating.
Published first on TheFly
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- Regions downgraded on challenged operating leverage at Truist
- Regions Financial downgraded to Hold from Buy at Truist
- Regions Financial price target lowered to $20 from $25 at Citi
- Regions Financial sees FY23 adjusted revenue up 6%-8% y/y, consensus $7.77B
- Regions Financial sees Q2 NII down 1.5%-3.5%, FY23 NII growth 12%-14%
